JOYY Reports Mixed Q1 Earnings with Revenue Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: seekingalpha
- Earnings Performance: JOYY's Q1 non-GAAP EPS of $1.11 missed expectations by $0.33, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company reported revenues of $555.7 million, a 12.4% year-over-year increase, yet it fell short of expectations by $2.97 million, reflecting intensified market competition.
- EBITDA Fluctuation: Non-GAAP EBITDA stood at $45.7 million, up from $40.4 million in the same period of 2025 but down from $50.6 million in Q4 2025, indicating volatility in profitability.
- Cash Flow Status: As of March 31, 2026, net cash was $3.175 billion, with cash flow from operating activities at $46 million, down from $58 million in the same period of 2025, suggesting challenges in cash flow management.
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Analyst Views on JOYY
Wall Street analysts forecast JOYY stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 65.930
Low
66.00
Averages
68.00
High
70.00
Current: 65.930
Low
66.00
Averages
68.00
High
70.00
About JOYY
JOYY Inc. is a global technology company. The Company operates several social media platforms such as Bigo Live, Likee and Hago that enable users to interact with others in real time. It operates through two segments: BIGO and All other. The BIGO segment primarily consists of several social entertainment platforms, including Bigo Live, Likee, imo, and certain audio live streaming platform, as well as its advertising platform, Bigo Ads. The All other segment primarily consist of Hago, Shopline, certain audio live streaming platforms, and others. Bigo Live enables its users to share their life moments, showcase their talents, socialize, and connect with other users. Likee enables users to easily discover, create and share short-form videos, with all-in-one video creation tools, such as filters and special effects, and AI-backed personalized feed. Hago provides casual games, audio and video multiuser chatrooms and three-dimensional (3D) avatars and 3D interactive scenes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Stock Futures Hit Record Highs as AI Boosts Chip Stocks
- Market Optimism: Despite tensions in the Middle East, investor optimism regarding peace negotiations has driven U.S. stock futures higher, with S&P 500 futures up 0.52% and Dow futures up 0.48%, indicating strong market confidence in future stability.
- Chip Stock Surge: Semiconductor stocks have rebounded strongly due to AI-driven demand, with Marvell Technology rising 5.7% and Micron and Intel each gaining about 2%, highlighting the significance of tech stocks in the current market landscape and investor focus.
- Strong Earnings Season: First-quarter earnings growth is expected to reach 29%, significantly higher than the 16.1% forecast a month ago, demonstrating robust corporate profitability recovery and further bolstering market confidence.
- Fed Policy Expectations: With rising oil prices fueling inflation concerns, markets anticipate the Federal Reserve will hold rates steady for the remainder of the year, with a potential 25 bps hike in December, reflecting a cautious approach to monetary policy amid economic uncertainties.
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JOYY Q1 2026 Earnings Show Growth and Enhanced Shareholder Return Plan
- Significant Revenue Growth: In Q1 2026, JOYY reported total revenues of $555.7 million, reflecting a 12.4% year-over-year increase, indicating a recovery in the social entertainment segment and strong momentum in ad tech, thereby reinforcing the company's competitive position in the market.
- Enhanced Shareholder Return Plan: The Board approved a $1.5 billion shareholder return program, which includes a share buyback of up to $600 million and approximately $900 million in dividends over the next three years, aimed at boosting shareholder confidence and attracting more investors.
- Business Structure Adjustment: The company reported its results for the first time under three independent segments: Social Entertainment, BIGO Ads, and Shopline, marking a strategic inflection point that is expected to enhance transparency and operational efficiency across its business lines.
- Optimistic Future Outlook: Management expects net revenues for Q2 2026 to be between $562 million and $581 million, with BIGO Ads and Shopline projected to achieve mid-double-digit and approximately 25% year-over-year growth, respectively, demonstrating the company's confidence in future growth prospects.
See More
JOYY Reports Mixed Q1 Earnings with Revenue Miss
- Earnings Performance: JOYY's Q1 non-GAAP EPS of $1.11 missed expectations by $0.33, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company reported revenues of $555.7 million, a 12.4% year-over-year increase, yet it fell short of expectations by $2.97 million, reflecting intensified market competition.
- EBITDA Fluctuation: Non-GAAP EBITDA stood at $45.7 million, up from $40.4 million in the same period of 2025 but down from $50.6 million in Q4 2025, indicating volatility in profitability.
- Cash Flow Status: As of March 31, 2026, net cash was $3.175 billion, with cash flow from operating activities at $46 million, down from $58 million in the same period of 2025, suggesting challenges in cash flow management.
See More
Joyy (JOYY) Q1 2026 Earnings Call Transcript
See More
JOYY Reports Strong Q1 Growth with $555.7 Million Revenue
- Significant Revenue Growth: JOYY's total revenue for Q1 reached $555.7 million, marking a 12.4% year-over-year increase, the highest growth rate in recent years, indicating strong synergy among its three business pillars of social entertainment, advertising, and e-commerce, enhancing overall market competitiveness.
- Robust Advertising Performance: BIGO Ads generated $124.8 million in advertising revenue, up 55.6% year-over-year, driven by broader traffic coverage and multi-vertical advertiser expansion, showcasing the company's ongoing innovation and market penetration in the ad tech sector.
- Strong E-commerce Results: SHOPLINE reported $30.5 million in revenue for Q1, a 16.1% year-over-year increase, with gross margin expanding to 51.5%, reflecting the company's robust performance and support capabilities in the global omnichannel commerce landscape.
- Enhanced Shareholder Return Program: JOYY announced a new shareholder return program totaling $1.5 billion, significantly higher than the previous $900 million plan from 2025, demonstrating the company's confidence in future growth and commitment to its shareholders.
See More
JOYY Reports Strong Q1 Growth with $555.7M Revenue
- Significant Revenue Growth: JOYY's total revenue for Q1 reached $555.7 million, marking a 12.4% year-over-year increase, the highest growth rate in recent years, indicating strong synergy among its three business pillars: social entertainment, advertising, and e-commerce.
- Robust Advertising Performance: BIGO Ads generated $124.8 million in revenue, up 55.6% year-over-year, driven by ongoing optimization of advertising technology and expansion into multiple verticals, further solidifying JOYY's competitive position in the advertising market.
- Shareholder Return Program: JOYY announced a new $1.5 billion shareholder return program, significantly higher than the previous $900 million plan from 2025, with cash distributions planned between 2026 and 2028, reflecting the company's confidence in future growth.
- Strong SHOPLINE Results: SHOPLINE reported $30.5 million in revenue for Q1, a 16.1% year-over-year increase, with gross margin expanding to 51.5%, indicating positive outcomes from the company's strategic focus on omnichannel retail and AI-driven commerce infrastructure.
See More
U.S. Stock Futures Hit Record Highs as AI Boosts Chip Stocks
- Market Optimism: Despite tensions in the Middle East, investor optimism regarding peace negotiations has driven U.S. stock futures higher, with S&P 500 futures up 0.52% and Dow futures up 0.48%, indicating strong market confidence in future stability.
- Chip Stock Surge: Semiconductor stocks have rebounded strongly due to AI-driven demand, with Marvell Technology rising 5.7% and Micron and Intel each gaining about 2%, highlighting the significance of tech stocks in the current market landscape and investor focus.
- Strong Earnings Season: First-quarter earnings growth is expected to reach 29%, significantly higher than the 16.1% forecast a month ago, demonstrating robust corporate profitability recovery and further bolstering market confidence.
- Fed Policy Expectations: With rising oil prices fueling inflation concerns, markets anticipate the Federal Reserve will hold rates steady for the remainder of the year, with a potential 25 bps hike in December, reflecting a cautious approach to monetary policy amid economic uncertainties.
See More
JOYY Q1 2026 Earnings Show Growth and Enhanced Shareholder Return Plan
- Significant Revenue Growth: In Q1 2026, JOYY reported total revenues of $555.7 million, reflecting a 12.4% year-over-year increase, indicating a recovery in the social entertainment segment and strong momentum in ad tech, thereby reinforcing the company's competitive position in the market.
- Enhanced Shareholder Return Plan: The Board approved a $1.5 billion shareholder return program, which includes a share buyback of up to $600 million and approximately $900 million in dividends over the next three years, aimed at boosting shareholder confidence and attracting more investors.
- Business Structure Adjustment: The company reported its results for the first time under three independent segments: Social Entertainment, BIGO Ads, and Shopline, marking a strategic inflection point that is expected to enhance transparency and operational efficiency across its business lines.
- Optimistic Future Outlook: Management expects net revenues for Q2 2026 to be between $562 million and $581 million, with BIGO Ads and Shopline projected to achieve mid-double-digit and approximately 25% year-over-year growth, respectively, demonstrating the company's confidence in future growth prospects.
See More
JOYY Reports Mixed Q1 Earnings with Revenue Miss
- Earnings Performance: JOYY's Q1 non-GAAP EPS of $1.11 missed expectations by $0.33, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company reported revenues of $555.7 million, a 12.4% year-over-year increase, yet it fell short of expectations by $2.97 million, reflecting intensified market competition.
- EBITDA Fluctuation: Non-GAAP EBITDA stood at $45.7 million, up from $40.4 million in the same period of 2025 but down from $50.6 million in Q4 2025, indicating volatility in profitability.
- Cash Flow Status: As of March 31, 2026, net cash was $3.175 billion, with cash flow from operating activities at $46 million, down from $58 million in the same period of 2025, suggesting challenges in cash flow management.
See More
Joyy (JOYY) Q1 2026 Earnings Call Transcript
See More
JOYY Reports Strong Q1 Growth with $555.7 Million Revenue
- Significant Revenue Growth: JOYY's total revenue for Q1 reached $555.7 million, marking a 12.4% year-over-year increase, the highest growth rate in recent years, indicating strong synergy among its three business pillars of social entertainment, advertising, and e-commerce, enhancing overall market competitiveness.
- Robust Advertising Performance: BIGO Ads generated $124.8 million in advertising revenue, up 55.6% year-over-year, driven by broader traffic coverage and multi-vertical advertiser expansion, showcasing the company's ongoing innovation and market penetration in the ad tech sector.
- Strong E-commerce Results: SHOPLINE reported $30.5 million in revenue for Q1, a 16.1% year-over-year increase, with gross margin expanding to 51.5%, reflecting the company's robust performance and support capabilities in the global omnichannel commerce landscape.
- Enhanced Shareholder Return Program: JOYY announced a new shareholder return program totaling $1.5 billion, significantly higher than the previous $900 million plan from 2025, demonstrating the company's confidence in future growth and commitment to its shareholders.
See More
JOYY Reports Strong Q1 Growth with $555.7M Revenue
- Significant Revenue Growth: JOYY's total revenue for Q1 reached $555.7 million, marking a 12.4% year-over-year increase, the highest growth rate in recent years, indicating strong synergy among its three business pillars: social entertainment, advertising, and e-commerce.
- Robust Advertising Performance: BIGO Ads generated $124.8 million in revenue, up 55.6% year-over-year, driven by ongoing optimization of advertising technology and expansion into multiple verticals, further solidifying JOYY's competitive position in the advertising market.
- Shareholder Return Program: JOYY announced a new $1.5 billion shareholder return program, significantly higher than the previous $900 million plan from 2025, with cash distributions planned between 2026 and 2028, reflecting the company's confidence in future growth.
- Strong SHOPLINE Results: SHOPLINE reported $30.5 million in revenue for Q1, a 16.1% year-over-year increase, with gross margin expanding to 51.5%, indicating positive outcomes from the company's strategic focus on omnichannel retail and AI-driven commerce infrastructure.
See More
